Renovated Two-Family
For Sale
$999,000
71-27 68th Street, Glendale, NY 11385
Move-in ready duplex with two renovated two-bedroom apartments, a finished basement, and a fenced backyard with paver patio.
Property Size2,320 SF
Lot Size0.04 Acres
Price / SF$430.60
Days on Market13
Property Features for 71-27 68th Street
General Information
Standard status
Active
Size
2,320 SF
Lot size
0.04 Acres
Property subtype
Duplex
Additional Details
Highway Access
Yes
Amenities
enclosed front porch
full finished basement
laundry area
private fenced backyard
paver patio
Building Details
Building Size
2,320 SF
Year Built
1920
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Douglas Elliman Real Estate
(718) 757-7955
Listed By:
Laura Copersino SFR GRI · License #10301200551
Source:
Cbwarburg
Added: Jul 20
Changed: Jul 30
Last Checked: Jul 31 at 11:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This renovated two-family duplex offers two spacious two-bedroom apartments with updated kitchens and bathrooms, along with functional, well-maintained layouts. An enclosed front porch leads to a common hallway with access to the first-floor apartment, the basement, and the staircase to the second-floor unit. The first-floor apartment features an open living and dining area, a fully renovated kitchen with granite countertops, stainless steel appliances, and a breakfast bar, plus access to the backyard. The second-floor apartment offers a similar layout with an updated kitchen, renovated bathroom, two bedrooms, and a bonus room that can serve as a home office or small third bedroom.
A full finished basement includes high ceilings, ceramic tile flooring, a bathroom, laundry area, utilities, and storage, with yard access. Additional outdoor features include a private fenced backyard and a paver patio.
The property sits on a 20 x 95 lot with a 20 x 55 house footprint and was built in 1920.
A full finished basement includes high ceilings, ceramic tile flooring, a bathroom, laundry area, utilities, and storage, with yard access. Additional outdoor features include a private fenced backyard and a paver patio.
The property sits on a 20 x 95 lot with a 20 x 55 house footprint and was built in 1920.
Key Highlights
- Two renovated two‑bedroom apartments with updated kitchens and bathrooms
- Enclosed front porch with common hallway access to both units and basement
- Full finished basement with high ceilings, bathroom, laundry area, utilities, and storage
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.2k | $46.20 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $103.1k | $44.44 |
| − OpEx | −$46.4k | −$20.00 |
| NOI | $56.7k | $24.44 |
2,320 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$810.2K
$708.9K – $945.2K
NOI $56,711 @ 7.0% cap · market cap 5.68%
Second Best
Multifamily LT 5
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,723 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,923
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Move-in ready duplex with two renovated two-bedroom apartments, a finished basement, and a fenced backyard with paver patio.
Where is this duplex located?
The property is located at 71-27 68th Street Glendale, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two renovated two‑bedroom apartments with updated kitchens and bathrooms; Enclosed front porch with common hallway access to both units and basement; Full finished basement with high ceilings, bathroom, laundry area, utilities, and storage
